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Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in commercial mortgage-backed securities ("CMBS") with a 'AAA' rating (or equivalent) at the time of purchase, as determined by at least one nationally recognized statistical rating organization ("NRSRO") or, if unrated, as determined by the Advisor to be of comparable credit quality at the time of purchase. The Fund generally expects to invest at least 90% of its net assets in CMBS with a 'AAA' rating (or equivalent) at the time of purchase, as determined by at least one NRSRO or, if unrated, as determined by the Advisor to be of comparable credit quality at the time of purchase. The Fund will not invest in CMBS with a rating below "A-" (or equivalent) at the time of purchase. However, after purchase, a CMBS may have its rating reduced below the minimum rating required by the Fund for purchase. In such cases, the Fund will consider whether to continue to hold the CMBS. In the case of a split rating on a security between one or more of the NRSROs, the Fund will consider the highest rating.
First Trust Aaa Cmbs ETF trades on the ARCA stock market under the symbol CAAA.
As of June 26, 2026, CAAA stock price climbed to $20.33 with 21,721 million shares trading.
CAAA has a market cap of $34.57 million. This is considered a Sub-Micro Cap stock.
CAAA has underperformed the market in the last year with a return of +4.6%, while the SPY ETF gained +20.4%. In the last 3 month period, CAAA fell short of the market, returning +1.7%, while SPY returned +13.3%. However, in the most recent 2 weeks CAAA has outperformed the stock market by returning +0.4%, while SPY returned -1.5%.
CAAA support price is $20.23 and resistance is $20.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAAA shares will trade within this expected range on the day.